What do Hurricane Florence and frail old age have in common? Curiously, people tend to overestimate the severity of a coming storm, but they don’t think it will affect them. Something like those who say, “Sure, I know people get old and frail, but it won’t happen to me.”Herd thinking: Others you know don’t prepare so neither do you. In fairness, some people may wait out a coming storm because they have no choice. And many don’t prepare for the costs of frail old age because they do not have the income to do so.

Source: Forbes September 13, 2018 13:41 UTC